Apr 22, 2013 4:00am EDT
growth, whether it was through tax cuts and other inners and supply side reforms, would you cut them some slack on that or not? >> we would -- we think there's fairly limited room for significant fiscal stimulus that would place public debt on, you know, steeper gradient in terms of its rise. right from the beginning of the process, we recognized the government can use their balance sheet and fiscal measures to offset the decline in private sector demand. so some measures which allow for an easing of the levels of deficit reduction and the pace of that is perfectly consistent with the current rating that we now have on the uk. but can the uk go on a major fiscal stimulus exercise? we don't really think there's much room for maneuver in terms of them to do that in terms of a ratings perspective. >> what happens if they -- they could go on a big tax cutting program and that got rates going. this is more about growth, isn't it, right now, because growth is a way to generate the revenue to bring down the deficit. >> yeah. but that's evident that if you do tax cuts, that you'll get more revenu
Apr 22, 2013 2:00am PDT
's what makes a subaru, a subaru. welcnew york state, where cutting taxes for families and businesses is our business. we've reduced taxes and lowered costs to save businesses more than two billion dollars to grow jobs, cut middle class income taxes to the lowest rate in sixty years, and we're creating tax free zones for business startups. the new new york is working creating tens of thousands of new businesses, and we're just getting started. to grow or start your business visit thenewny.com >>> quarter past the hour now. i'm john berman live in boston this morning. let's bring you up to date. krystle campbell will be laid to rest later this morning. she's one of the three people killed in last week's boston marathon bombing. the surviving suspect, 19-year-old dzhokhar tsarnaev is in the hospital right now in serious but stable condition with a gunshot wound to the neck. he could be criminally charged as irlly as today, and we are waiting to find out what, if anything, he might be communicating to law enforcement officials. zoraida? >> let's get you up to date on some other stories.
Apr 22, 2013 8:00am PDT
. >> reporter: now funded by a small tax on all phone bills you can see it on yours, the program has exploded with companies advertising free phones, many of which come with more than 250 minutes of time, far more than needed for emergencies obviously. those supporters argue some need phones to find a job but the fcc told congress the top five providers can not verify the eligibility of 41% of those who get the phones. listen. >> i hear from law enforcement that these phones are often found at crime scenes and are used in drug deals. why? because you can't trace them. >> just handing out phones willy-nilly and allowing them to be sold on the black market, this isn't the way to do it and we need to stop. >> reporter: now some recipients famously called them obama phones. there is one supporter who boasted to media during the election that all minorities should support the president because he gave them free cell phones. some now propose expanding the free phone service to broadband but mccaskill says the current program is so far out of control we should scrap it and start over, not expand it.
Apr 22, 2013 6:00am PDT
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